- Korea to resume WTO complaint over Japan’s export restrictions on key materials 2020-06-03
The Ministry of Trade, Industry and Energy held a briefing on June 2, and announced that it would resume dispute settlement proceedings with respect to the WTO complaint over Japan’s export curbs on three key industrial inputs for the semiconductor industry.
Japan imposed the export restrictions on these key materials related to semiconductor manufacturing on July 4, 2019. Over the past six months, Korea has halted the WTO complaint process and focused on dialogue with Japan to resolve the issue. Upon Japan’s request, the Korean government revised portions of the Foreign Trade Act related to catch-all controls in conventional arms sales and expanded export control capacity.
Na Seung-sik, Deputy Minister for Trade and Investment at the Ministry, said that it is difficult to see a meaningful commitment to dialogue on the Japanese side, and thus the Korean government will continue to protect the legitimate interests of Korean firms and work to ensure supply chain stability.